Money

"The price/earnings ratio for these shares, based on projected earnings over the next year, is 11.4," writes Money's Paul J. Lim. "Because profits have fallen, that's higher than when the MSCI Emerging Markets Index peaked in May 2011, before tumbling 17%." (The most popular way to play Emerging markets is through an ETF with the ticker,
EEMEEM -0.7743362831858407%iShares MSCI Emerging Markets ETFU.S.: NYSE Arca40.365
-0.315-0.7743362831858407%
/Date(1425420000180-0600)/
Volume (Delayed 15m)
:
37827546AFTER HOURS40.35
-0.0150000000000006-0.03716090672612412%
Volume (Delayed 15m)
:
2578542
P/E Ratio
N/AMarket Cap
N/A
Dividend Yield
2.6509153970023536% Rev. per Employee
N/AMore quote details and news »EEMinYour ValueYour ChangeShort position
)

The article points out that the levels of economic growth in China and elsewhere has come down from the lofty levels since several years ago when emerging-markets stocks were flying high. "This means the selloff may not be a fire sale, but rather a rational repricing of profit growth that's slowed from 18% a year to 12.5%," writes Lim.

Anyone looking for the emerging-markets growth of old, Lim writes, needs to focus on frontier markets like Vietnam and Nigeria.

According to the Times, the snub "foreshadows a possible future where Facebook is no longer the default place on the web where people go to network."

The article goes on to say that "despite [Facebook's] primacy in the social media market, some numbers suggest that Facebook addiction has given way to Facebook fatigue, at least among some users. A study by the Pew Internet and American Life Project found that the majority of users have at one point or another taken a multiweek break from the service, citing the tedium and irrelevancy of its content."

It's not clear whether the privately held Snapchat, which provides technology allowing for photos to disappear from its site, will be a great stock for the future. But it seems that the rise of such companies suggests that Facebook hasn't fully won over the hearts and minds of the younger users that it needs to keep growing.

Any investor in the stock should be troubled by that.

Finally, a piece on the Forbes site by a contributor looks at ways to play the bond market in a time of modestly rising interest rates and inflation.

Forbes

"Bonds will continue to play an important part in helping to diversify risk and reduce overall portfolio volatility," writes Oliver Pursche, the president of GGFS (Gary Goldberg Financial Services), a boutique money management firm headquartered in Suffern, N.Y.

But in order to increase the probability of success, "investors should reduce interest rate and duration risk by swapping longer-term bonds for shorter-term bonds"

And when considering shorter-term bonds, he recommends floating rate securities and inflation-protected Treasuries.